World Data Lab Files Patent for Innovative Economic Forecasting Method

Vienna, Austria, September 9, 2024 – World Data Lab, a portfolio company of Sparring Capital Partners and a leader in providing forward-looking insights and data-driven forecasts, is pleased to announce the filing of a patent with the United States Patent & Trademark Office (USPTO). The patent filing covers an innovative method designed to enhance the accuracy and scope of forecasting economic trends, consumer spending, and demographic shifts.

Based in Vienna (Austria), World Data Lab (WDL) has developed a reputation for delivering high-quality data solutions that help businesses, governments, and organizations better understand and anticipate future market conditions. This patent strengthens the company’s efforts to provide clients with sophisticated tools that enable more informed decision-making.

Wolfgang Fengler, CEO of World Data Lab, stated:

"This patent is an important milestone for WDL. We are an innovation-driven company to create practical solutions and reliable insights for our clients to help them navigate an increasingly complex economic landscape."

Katharina Fenz, Lead Data Scientist at World Data Lab, added:

"The method covered in this patent represents significant progress in how economic forecasts can be generated and used. We look forward to continuing our work in delivering high-quality, accurate data to our clients."

This patent filing reflects World Data Lab’s ongoing commitment to scientifically based data-driven solutions that meet the evolving needs of the marketplace. As the company continues to grow, World Data Lab continues to invest in innovation and data accuracy.

For more information, visit www.worlddata.io or contact Anne Mason in the press team anne.mason@worlddata.io

About World Data Lab

World Data Lab (WDL) is an innovative data analytics organization specializing in providing actionable insights based on comprehensive economic, demographic, and market data. World Data Lab aims to make data-driven decision-making accessible to leaders and organizations around the world, thereby contributing to sustainable and inclusive global development.

About Sparring Capital Partners

Sparring Capital Partners is a Vienna-based private equity firm founded by a group of entrepreneurs to provide capital and expertise to companies with strong growth prospects. The focus is on companies that apply transformative technologies as part of their unique position in the market or need such a position to remain competitive in the long term. Sparring works with Austrian and international family offices in this regard.